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Horizon Kinetics Asset Management LLC, a ten percent owner of Texas Pacific Land Corp (NYSE:TPL), has disclosed purchasing 1 share of the company’s common stock. The transaction, which occurred on July 8, 2025, involved the acquisition of shares at a price of $1,048.14, totaling $1,048. The purchase comes as TPL, currently valued at $23.78 billion, trades near $1,035 - approximately 41% below its 52-week high of $1,769. According to InvestingPro analysis, the company maintains impressive gross profit margins of 93.5% and boasts a "GREAT" financial health score. Following the transaction, Horizon Kinetics Asset Management LLC directly owns 1,163,948 shares. With TPL trading at a P/E ratio of 51.5, InvestingPro offers 12 additional key insights and a comprehensive Pro Research Report, helping investors make informed decisions about this unique land management company.
In other recent news, Texas Pacific Land Corporation reported its first-quarter earnings for 2025, revealing a slight miss on revenue expectations. The company posted earnings per share of $5.24, narrowly missing the forecasted $5.27, while revenue came in at $196 million, falling short of the anticipated $228 million. Despite the revenue shortfall, Texas Pacific Land maintained a strong adjusted EBITDA margin of 86.4% and achieved a 25% year-over-year growth in oil and gas royalty production. Additionally, the company maintains a net cash position of $460 million with zero debt, emphasizing its robust financial health.
In other developments, Texas Pacific Land’s stock rating was upgraded from Hold to Buy by Texas Capital Securities, with the price target raised to $1,280.00. This upgrade comes after meetings with the company’s management, where Texas Capital Securities expressed confidence in the company’s desalination project and potential power generation and data center opportunities. The firm also sees Texas Pacific Land as a key player in consolidating larger ranches in the Permian Basin over the next few years.
Furthermore, the company is advancing its desalination initiatives, with the phase two desalination unit expected to come online by the end of the year. This unit will process oil and gas produced water, aiming to produce high-spec fresh water for various industrial uses. Texas Pacific Land is also exploring opportunities in power and data centers, supported by new high-voltage transmission lines approved in Texas, which could enhance the commercial potential of the Permian Basin.
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